Instructions for IRS Form 1040 Schedule 8812 Child Tax Credit

This document contains official instructions for IRS Form 1040 Schedule 8812, Child Tax Credit - a tax form released and collected by the Internal Revenue Service (IRS), a subdivision of the U.S. Department of the Treasury.

FAQ

Q: What is form 1040 Schedule 8812?
A: Form 1040 Schedule 8812 is used to claim the Child Tax Credit.

Q: Who can claim the Child Tax Credit?
A: Parents or legal guardians who have a qualifying child may claim the Child Tax Credit.

Q: What is a qualifying child?
A: A qualifying child is a child who meets certain age, relationship, residency, and support criteria.

Q: How much is the Child Tax Credit?
A: The maximum Child Tax Credit for each qualifying child is $2,000.

Q: How does the Child Tax Credit work?
A: The Child Tax Credit reduces your tax liability, meaning it can lower the amount of tax you owe.

Q: Do I need to file Form 1040 Schedule 8812 if I have a qualifying child?
A: Yes, you need to file Form 1040 Schedule 8812 to claim the Child Tax Credit.

Q: Are there any income limits for claiming the Child Tax Credit?
A: Yes, there are income limits. The credit gradually phases out for higher income taxpayers.

Q: What other requirements do I need to meet to claim the Child Tax Credit?
A: In addition to having a qualifying child, you must also satisfy the residency and identification requirements.

Q: Can I claim the Child Tax Credit if I have more than one qualifying child?
A: Yes, you can claim the credit for each qualifying child.

Q: Can I claim the Child Tax Credit for my stepchild?
A: Yes, you can claim the credit for a stepchild who meets the qualifying child criteria.

Q: How do I complete Form 1040 Schedule 8812?
A: You will need to provide the necessary information about your qualifying child and calculate the credit using the instructions provided with the form.